2008-05-06

McCain and Fellow Republicans Call for Rollback of Ethanol Subsidies. AP, May 6, 2008. "Senate Republicans on Monday asked environmental regulators to use their power to halt the country's ethanol output expansion plans amid rising food prices. Twenty-four Republican senators, including... John McCain... sent a letter to the EPA suggesting it waive, or restructure, rules that require a five-fold increase in ethanol production over the next 15 years... 'This subsidized (ethanol) program -- paid for by taxpayer dollars -- has contributed to pain at the cash register, at the dining room table, and a devastating food crisis throughout the world,' said McCain, in a statement. Despite tough rhetoric from lawmakers, analysts say Congress is unlikely to roll back such a popular program during an election year."

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